Voyager Technologies (NYSE:VOYG) Lowered to “Strong Sell” Rating by Zacks Research

Voyager Technologies (NYSE:VOYG) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, January 21st. JPMorgan Chase & Co. initiated coverage on shares of Voyager Technologies in a research note on Monday, November 24th. They issued an “overweight” rating and a $43.00 target price on the stock. Wedbush initiated coverage on shares of Voyager Technologies in a research report on Friday, January 23rd. They set an “outperform” rating and a $46.00 target price for the company. Finally, Morgan Stanley set a $39.00 price target on shares of Voyager Technologies in a report on Friday, January 16th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.88.

Voyager Technologies Price Performance

Shares of Voyager Technologies stock opened at $28.34 on Monday. Voyager Technologies has a fifty-two week low of $17.41 and a fifty-two week high of $73.95. The company has a market cap of $1.52 billion and a PE ratio of -6.54. The firm has a fifty day moving average price of $29.51 and a two-hundred day moving average price of $28.48.

Voyager Technologies (NYSE:VOYG) last issued its quarterly earnings results on Monday, March 9th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.01). The firm had revenue of $46.65 million for the quarter. Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 25.54%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new stake in Voyager Technologies during the 2nd quarter worth about $28,000. Legal & General Group Plc acquired a new stake in shares of Voyager Technologies in the second quarter valued at approximately $40,000. Federation des caisses Desjardins du Quebec bought a new position in Voyager Technologies in the 4th quarter worth approximately $26,000. Osaic Holdings Inc. bought a new position in Voyager Technologies in the 2nd quarter valued at $40,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Voyager Technologies in the 4th quarter valued at $28,000.

About Voyager Technologies

We are an innovation-driven defense technology and space solutions company. Our company was purpose-built to address issues at the forefront of defense, national security and space industries and we have organized our business to reflect this goal. We strive to solve complex challenges to fortify national security, protect critical assets and unlock new frontiers for human progress and economic development. We are committed to developing and delivering an array of transformative, mission-critical solutions to customers enabled by our advanced technology, analytics and space infrastructure capabilities.